The Hon Angus Taylor MP Transcripts

CHRIS KENNY: Now, a lot of emails still coming in on this energy debate. The idiot Opposition Minister for the Environment said pump hydro - if we get less energy from that, it costs us, and then we will get rid of it. Does that- does he really understand basic science? He says: you can’t get rid of pumped hydro, you need to build a dam. Also, wind power generation in New South Wales has a capacity of almost 1300 megawatts, according to Alan, but apparently, yesterday from 11am to 1.30pm, the output varied between 1- no, minus 1 and 4.3 megawatts.

JANE MARWICK: A new report out today says emissions reductions in Australia’s electricity market are on track to meet the Paris target eight years ahead of schedule. Angus Taylor is the Energy Minister and joins me now. Minister, good morning. Welcome to 6PR.

ANGUS TAYLOR: Thanks for having me, Jane.

JANE MARWICK: Look, it’s a political hot potato - there is no doubt about it. A lot of people have been saying get out of Paris. What do these new figures show you?

SIMON LAUDER: Now last week the board of Snowy Hydro approved a final investment decision for the Snowy 2.0 pumped hydro scheme. Now it's over to the company's major shareholder to decide if the project will go ahead. Snowy 2.0 would create 2000 megawatts of on-demand generation and 350,000 megawatt hours of storage. It's a multi-billion dollar project and the federal government must now decide whether it will go ahead. Angus Taylor grew up in Nimmitabel and is the Energy Minister in the Morrison Government. Minister, good morning.

JANE MARWICK: A new report out today says emissions reductions in Australia’s electricity market are on track to meet the Paris target eight years ahead of schedule. Angus Taylor is the Energy Minister and joins me now. Minister, good morning. Welcome to 6PR.
ANGUS TAYLOR: Thanks for having me, Jane.
JANE MARWICK: Look, it’s a political hot potato - there is no doubt about it. A lot of people have been saying get out of Paris. What do these new figures show you?

SIMON LAUDER: Now last week the board of Snowy Hydro approved a final investment decision for the Snowy 2.0 pumped hydro scheme. Now it's over to the company's major shareholder to decide if the project will go ahead. Snowy 2.0 would create 2000 megawatts of on-demand generation and 350,000 megawatt hours of storage. It's a multi-billion dollar project and the federal government must now decide whether it will go ahead. Angus Taylor grew up in Nimmitabel and is the Energy Minister in the Morrison Government. Minister, good morning.

STEPHEN DAVY: Good morning and welcome to Poatina Power Station. First of all, I'd like to pay my respects to the Traditional Owners of this land and their leaders, past, present and emerging. Here at Poatina, we're at a site that's very important in our history. Great Lake was the site of our first large-scale hydro power about 100 years ago, and that power station in Waddamana was decommissioned when Poatina was built 50 years ago, and Poatina now uses the water at Great Lake. And that water then ends up in Launceston down the Cataract Gorge.

STEPHEN DAVY: Good morning and welcome to Poatina Power Station. First of all, I'd like to pay my respects to the Traditional Owners of this land and their leaders, past, present and emerging. Here at Poatina, we're at a site that's very important in our history. Great Lake was the site of our first large-scale hydro power about 100 years ago, and that power station in Waddamana was decommissioned when Poatina was built 50 years ago, and Poatina now uses the water at Great Lake. And that water then ends up in Launceston down the Cataract Gorge.

ELYSSE MORGAN: The government has committed to bringing down power prices for consumers - but what does the Energy Minister, Angus Taylor, consider a fair price for power? And what about profits? The government has slammed power companies for making too much - but its own energy firm, Red Energy, has been making hundreds of millions of dollars too. I spoke with Minister Angus Taylor earlier. Angus Taylor, as I understand it, the divestiture legislation allows the government to force divestiture if it forms the view of excessive profit making.

ELYSSE MORGAN: The government has committed to bringing down power prices for consumers - but what does the Energy Minister, Angus Taylor, consider a fair price for power? And what about profits? The government has slammed power companies for making too much - but its own energy firm, Red Energy, has been making hundreds of millions of dollars too. I spoke with Minister Angus Taylor earlier. Angus Taylor, as I understand it, the divestiture legislation allows the government to force divestiture if it forms the view of excessive profit making.

FRAN KELLY: Angus Taylor is the Federal Minister for Energy - he joins me in the Parliament House studios. Minister, welcome back to RN Breakfast.

ANGUS TAYLOR: Thanks for having me, Fran.